The Hindu Business Line : Tuesday, February 28, 2006

GVK lists at 13% premium on BSE
Shares of GVK Power & Infrastructure Ltd made their debut on the stock exchanges on Monday. On the BSE the stock listed at a premium of about 13 per cent at Rs 350 compared to the issue price of Rs 310. On the NSE, it debut at a higher premium of More

Sanmar group plans to shed more stake in India Cements
The 3 investment companies of Mr Srinivasan and his family will together hold 26.29 per cent stake in the company. More

TECHNICAL ANALYSIS

Bull domination
Bulls dominated over Monday's trading activity. The sentiment reading of the tradable counters remains bullish. Bear pressure on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment ... More

STOCK MARKETS

Navin Fluorine: Nears carbon deal?
The market buzz returned in Navin Fluorine arresting its declining trend. According to grapevine, the company is finally close to a carbon trade deal, which is expected to fetch Rs 65 crore to Rs 70 crore. Dalal ... More

Cummins: Bright on power cut talk
Maharashtra's grim power situation this summer augurs well for Cummins India, a section of the market players seems to think. Quiet accumulation has been going on in the counter in recent weeks on the hope that the ... More

LIC plans to invest Rs 13,000 cr in equities — Favours bank stocks
Life Insurance Corporation will invest around Rs 13,000 crore in equities next year. Mentioning this at a press conference here, the Corporation's Chairman, Mr A.K. Shukla, stressed that LIC's internal budget for next year had yet to be drawn ... More

Pre-Budget chemistry for Bayer Crop
The generally indolent Bayer CropScience counter on Monday witnessed a sudden surge in activity on expectation of some Budget incentives for the agro-chemicals sector. Traded volumes shot up by about four times to ... More

FOREIGN INSTITUTIONAL INVESTORS

Sensex up 81 on Budget eve; but market has `no big hopes'
Economic growth forecast helps sentiment
Budget boost
Foreign investors continued to pump in funds into the domestic equity markets.
But mutual funds net sellers of Rs 522 crore in February. More

Federal Bank seeks RBI nod for 49 pc FII limit
Postal ballot shows most investors are for hike
Having obtained the shareholders' consent, Federal Bank has sought the RBI permission to raise the FII investment limit from the current 24 per cent to 49 per cent. "Over 99 per cent of the investors who sent in their postal ballot were in ... More

INTERVIEW

Edelweiss looking for inorganic growth — `Our focus areas are asset management, wealth management and private clients'
Edelweiss Capital is one of the fastest growing full-service investment bank in India. Greater Pacific Capital, a private fund founded by three former Goldman Sachs employees, recently bought 20 per cent equity stake in the Mumbai-headquartered ... More

COMMENTARY

Broad buying helps Sensex
The markets opened on a strong note ahead of the Budget and remained buoyant. Indications from the Economic Survey that the growth momentum is likely to continue coupled with optimism from the Finance Minister spurted the markets to higher ... More

IPOS

IPO scam: HDFC Bank, 2 others fined
The Reserve Bank of India on Monday fined HDFC Bank, IDBI and ING Vysya Bank for violation of Know Your Customer norms and other irregularities in relation to the recent IPO scam. HDFC Bank has been slapped with the highest penalty of Rs 25 ... More

Survey moots changes in IPO pricing system — Suggests shift to a `pure auction' method
Analysts fear Pure auction could result in bad deal Denial of quota to retail investors will hit capital market growth Logistics of pure auction system not clear More

Mahindra Financial fixes IPO price at Rs 200
Following a successful IPO, subscribed nearly 27 times more, Mahindra & Mahindra Financial Services Ltd (MMFSL) today priced its shares at Rs 200 each. The original price band for the issue of two crore shares of Rs 10 each, for cash at a ... More

JK Cement fixes IPO price at Rs 148
JK Cement has finalised the issue price of its recently concluded initial public offering (IPO) at Rs 148 per share. The company, a leading grey cement producer in Northern India, had entered the capital market with a public ... More

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